08/30/2018 Live Update

[fehro]

VIX at 20d SMA green..TRANsports red.. mind the downside.. profit taking for EOM bonds pushing..

indexes weaken.. VIX >20d SMA.. mind the sell off prior to the long weekend / profit taking.. still iffy.. but can drop very fast.. should SPX loose 2900

+5%

[Trades with cats]

Volume profile tells the story. Goldman's buyback desk, as a convenient naming device for complex unknown forces jerked the market up yesterday on low volume. Now the market is saying we never had price discovery in that range we need to do that.

If they had done it during the overnight session everyone would have seen it as a gap that will be filled but when they do it right in front of us it isn't quite so obvious but the results are still the same, a gap in the auction process. Or so it seems to me.

[Cobra]

maybe the low was in for today. anyway, so far looks like a range day as expected.

[Al_Dente]

WEED ALERT:
Check MJ, the weed ETF
Nearing 1million shares daily
Expense ratio is too high
Overweight a few choice weed stocks, see CGC (sweet) and CRON (ouch)
http://etfdb.com/etf/MJ/

[Al_Dente]

AAPL ATH
they confirmed a Sept 12 "event" where they will unveil more iCrap, which will only cost a zillion dollars per

[K447]

AAPL ATH
they confirmed a Sept 12 "event" where they will unveil more iCrap, which will only cost a zillion dollars per

Rounding up?

[Cobra]

wow, what's the news?

[Al_Dente]

more china tariffs

[K447]

wow, what's the news?

Tariff they out ...

[Trades with cats]

Trump Said To Back USD200B China Tariffs Early Next Week, But Final Decision Pending

[Al_Dente]

AAPL ATH
they confirmed a Sept 12 "event" where they will unveil more iCrap, which will only cost a zillion dollars per

Rounding up?

[Al_Dente]

INTRADAY TRADE
one day
two minutes
SPX
my STO is 55,6,6 (FULL STO), on the two minute chart, but use your favorite momentum indicator
green circle buy; red circle sell, you would have been out at about 2:04ET at about 2910 SPX
now already oversold, but no buy yet

[Al_Dente]

Bloomberg talking-heads scrambling to figure out the new potential tariffs
Cut to the chase: it’s all bullshit
Or as Willie Nelson’s kid says:
https://www.youtube.com/watch?v=7sqVX3PWz9w

[QED]

Bloomberg talking-heads scrambling to figure out the new potential tariffs
Cut to the chase: it’s all bullshit
Or as Willie Nelson’s kid says:
https://www.youtube.com/watch?v=7sqVX3PWz9w

I'd like to invest in:

Willie's Reserve
https://williesreserve.com

.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Hold on tight testing yesterday's low for the second time.

[Trades with cats]

I highlighted Tuesday's low.

[Trades with cats]

Apple, all the new stuff in September must be really great. Why else would Tim Cook have sold about 170 million dollars worth of stock over the last couple of months with the stock at its highs.

[fehro]

VIX at 20d SMA green..TRANsports red.. mind the downside.. profit taking for EOM bonds pushing..

indexes weaken.. VIX >20d SMA.. mind the sell off prior to the long weekend / profit taking.. still iffy.. but can drop very fast.. should SPX loose 2900

+5%

[brokebybernacke2]

interesting, the following graph shows the BLS measure U6, which is defined as total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers.It is thus the broadest measure of labor under utilization that the BLS publish. Recession periods(market top followed by pullback), in green boxes. employment report next week. last red triangle, " you are here"